Buyout firms eyeing Web.com

May 30, 2017

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Information Services | Jacksonville, FL | Buyout

PE firms have engaged in early talks with Web.com (NASDAQ: WEB) about a potential buyout, according to Reuters. Web.com has a market cap of some $1.1 billion. The provider of internet domain registration and website building services generated $710.5 million in revenue in 2016, up from $543.5 million the year prior, again per Reuters. The company’s stock jumped almost 9% Friday.